[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR682.506]

[Page 786]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 682--FEDERAL FAMILY EDUCATION LOAN (FFEL) PROGRAM--Table of Contents
 
           Subpart E--Federal Guaranteed Student Loan Programs
 
Sec. 682.506  Limitations on maximum loan amounts.

    (a) The Secretary does not guarantee a FISL, Federal SLS, or Federal 
PLUS loan in an amount that would--
    (1) Result in an annual loan amount in excess of the student's 
estimated cost of attendance for the period of enrollment for which the 
loan is intended less--
    (i) The student's estimated financial assistance; and
    (ii) The student's expected family contribution for that period, in 
the case of a FISL loan; or
    (2) Result in an annual or aggregate loan amount in excess of the 
permissible annual and aggregate loan limits described in Sec. 682.204.
    (b) The Secretary does not guarantee a Federal Consolidation loan in 
an amount greater than that required to discharge loans eligible for 
consolidation under Sec. 682.100(a)(4).

(Authority: 20 U.S.C. 1075, 1077, 1078-1, 1078-2, 1079, 1082, 1089)